Things unique to M&A:Anonymous User wrote:This is literally a description of any transactional practice, not even one thing said was unique to m and a.
* The amount and extent of diligence. Sure, underwriters need confidence and there's some lender-side diligence. But nothing compares to the endless, cavernous diligence of an m&a data room. Supplier contracts, hundreds of leases, financials, and on, and on.
* The lack of drafting opportunities for juniors. Juniors in finance or funds or whatever will be drafting contracts in year one. M&A associates won't even get to do cross reference checks on purchase agreements until a few years in.
* The sheer extent of shit the other side will throw at you because they measure their success entirely by how miserable they make you and your client, and would rather kill the deal than rewrite the best efforts clause as commercially reasonable efforts.
* The sheer volume of dicks you have to suck. It's not just the client's and the bankers' -- it's all the internal lawyers you have to dicksuck into cooperation, not to mention the other side's and the consultants' and accountants and on and on.
* The fact that all your colleagues are contrast collared, spray-tanned, self-important wannabe bankers who think that if they just wear enough hair gel it'll compensate for their inability to do basic math.
